Travellers flying from regional airports could find buying their foreign cash comes at a hefty price tag. New analysis from FairFX.com reveals changing £200 at Birmingham Airport will only get holiday makers €199 after charges – less than €1 for £1

Travellers flying from regional airports could find buying their foreign cash comes at a hefty price tag. New analysis from FairFX.com reveals changing £200 at Birmingham Airport will only get holiday makers €199 after charges - less than €1 for £1.

Stephen Heath, Chief Executive of FairFX.com, said: "It's probably only a matter of time before the Pound weakens to a point of currency exchange rate parity with the Euro. However, Brits buying holiday spending money from Birmingham Airport will be faced with this dire exchange rate before the rest of the country, with Liverpool and Luton airports not far behind.

"This is because regional airports have long taken advantage of travellers who leave buying their holiday cash until they reach the airport by offering far worse rates than outside the terminal

"Brits planning a European skiing holiday in the New Year might want to buy half their Euros now at today's rates to limit the pain should Sterling fall even further, and the rest before they depart just in case Sterling should improve."

Currently, you can still get €1.12 to £1 with the FairFX.com currency card, seven per cent above the average airport rate, and 12 per cent better than Birmingham Airport.

Thursday 11 December 2008, 05:40pm

Tags: currency volatility, euro, euro rate, exchange rates, sterling

Brits have faced a tough summer amidst the credit crisis, rising cost of living, and the poor weather. Now, to compound the misery for anyone planning a late summer break to the Med the Pound has fallen to a record low against the Euro.

Stephen Heath, Chief Executive of FairFX.com, said: "With the Pound at a record low against the Euro, Brits looking forward to a late summer holiday in the sun are faced with a costly dilemma when it comes to getting their holiday money. Given the current poor exchange rate to the Euro and the possibility of further falls, Brits could be best off buying their travel money now.

"The FairFX.com pre-paid currency card will enable Brits to protect, or hedge, themselves against further currency volatility as they can buy at today’s rates and simply keep the Euros until they want to start spending. FairFX.com offers holidaymakers an incredibly cost-effective and secure way to make the most of their cash."

Wednesday 03 September 2008, 09:46am

Tags: credit crisis, currency exchange, currency report, currency volatility, euro, euro rate, opodo